Wing Lee Development Reports 36.2% Revenue Increase, Profit Drops 27.9%, EPS Down 37.9% for FY 2025

Reuters
Jun 26
Wing Lee Development Reports 36.2% Revenue Increase, Profit Drops 27.9%, EPS Down 37.9% for FY 2025

Wing Lee Development Construction Holdings Ltd. has announced its audited consolidated annual results for the year ended 31 March 2025. The company reported a revenue increase of 36.2%, reaching HK$716.6 million, compared to HK$526.1 million in the previous year. Despite the rise in revenue, the company's gross profit increased by 18.7% to HK$144.4 million from HK$121.6 million, while operating profit saw a decline of 26.0%, amounting to HK$70.5 million compared to HK$95.3 million in 2024. Profit before taxation decreased by 26.5% to HK$68.3 million, down from HK$92.9 million the previous year. Similarly, profit for the year fell by 27.9%, totaling HK$55.5 million compared to HK$76.9 million in 2024. Earnings per share also experienced a decline, decreasing by 37.9% from 10.3 HK cents to 6.4 HK cents per share. The company segments its operations into civil engineering, electrical and mechanical engineering, and new energy. Revenue from civil engineering increased to HK$508.9 million from HK$365.5 million, while electrical and mechanical engineering saw an increase to HK$181.8 million from HK$113.2 million. However, revenue from the new energy segment decreased to HK$19.2 million from HK$44.3 million. No specific guidance or outlook for future periods was provided in the results announcement.

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